The month of September was strongly influenced by the rise of a second wave of Covid 19 in Israel.
Many markets ended the month in the red, with the TA-125 declining by 5.5% and the S&P500 losing 3.9%. Part of this was profit-taking, especially in the tech sector, but more than anything else it was due to global concern of a second wave of COVID-19.
The Fund withstood the market sell-off very well, which was mainly attributable to our stock selection that held up despite the market weakness. The Fund performed well in sectors such as Electronics, Technology and Healthcare, with the main contributors being Telsys (5.3% of the Fund) and Ilex Medical (4.5% of the Fund).
||Doral Group Renewable Energy R||Israel||Renewable Electricity|
||FIBI Bank Holding||Israel||Diversified Banks|
||Ilex Medical||Israel||Health Care Distributors|
||Priortech Ltd||Israel||Electronic Components|
|1 Month||1 Year||2 Years P.A.||SINCE INCEPTION|
|Fund Class A (AUD)||0.2%||5.2%||10.5%||9.2%|
|Fund Class B (USD)||-0.6%||9.1%||11.9%||10.0%|
|Tel Aviv Stock
Exchange 125 Index
|Tel Aviv Stock
Exchange Small And
Medium Cap 60 Index
|VOLATILITY3||11.3%||NUMBER OF STOCKS||32|
|BETA (USING DAILY RETURNS)4||0.56||MAXIMUM DRAW DOWN||-13.6%|
|VOLATILITY3||10.5%||NUMBER OF STOCKS||32|
|BETA (USING DAILY RETURNS)4||0.51||MAXIMUM DRAW DOWN||-11.4%|
Founder & CEO
Founder & Managing Partner
The Pengana Alpha Israel Fund invests in listed Israeli companies that produce cutting edge – both high and low tech – technologies. These Israeli listed companies have developed solid intellectual property coupled with strong global distribution.
The Fund offers Australian investors diversification within global equity exposure to a unique and promising market that is very much skewed to industries and technologies that are either limited, or do not exist, in the Australian market place, such as: the semiconductor industry, solar and water treatment technology, aerospace and electronic defence industries, and cyber security technologies.
|International Fund||High Conviction Property Securities Fund||Australian Equities Fund||International Ethical Fund|
|Global Small Companies Fund||WHEB Sustainable Impact Fund||Emerging Companies Fund||High Conviction Equities Fund|
|Pengana International Equities Limited (ASX: PIA)||International Fund - Ethical Opportunity||Private Equity Trust (ASX: PE1)||Alpha Israel Fund|
1. Net performance figures are shown after all fees and expenses, and assume reinvestment of distributions. Class A is shown in $AUD, Class B is shown in $USD, Benchmarks 1&2 are $ILS. Past performance is not a reliable indicator of future performance, the value of investments can go up and down.
2. Inception 1st January 2018.
3. Annualised Standard Deviation since inception
4. Relative to Tel Aviv Stock Exchange 125 Index
Benchmark 1: Tel Aviv Stock Exchange 125 Index
Benchmark 2: Tel Aviv Stock Exchange Small And Medium Cap 60 Index
Please note: This fund is only open to Wholesale Investors.